Funding you earn now, next payment 04:00 UTC+0.0350%/8h= +38.3% APRnext payment +$1.75 per $10,000 · paid last 24h +0.050%
Price spread now: Binance against KuCoin−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Binance is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINIMAXUSDTM | 38.050 | 0.0524 | pay 0.0262% / 4h | 9m 49s | $100K | $39K | 20x |
| Short | Binance MINIMAXUSDT | 38.040 | 0.0874 | get 0.0437% / 4h | 9m 49s | $6.4M | $30.6M | 25x |
KuCoin MINIMAXUSDTM
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $73.45
- Price spread: −0.026% → 0.000%
- −$2.63
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $48.83
- Costs to cover
- 0.220%
- Break-even
- 2.3 days
Slippage unknown: KuCoin: no order-book sample; Binance: live order book, 2 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 2.63 bp | 11.6 bp −$12 | 31.6 bp −$316 | 160.9 bp −$16.1K | doesn't fit |
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MINIMAX on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 38.100 | +0.131% | $1.4M | $3.9M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.080 | +0.079% | $15 | $2.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.071 | +0.055% | $43K | $216K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.027 | −0.060% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.030 | −0.053% | $27K | $42K | 5x | as long as short |
| Lighter MINIMAX | +0.0096% | 1h | 38.045 | −0.013% | $43K | $25K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0144% | 1h | 38.041 | −0.024% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0282% | 8h | 38.080 | +0.079% | $929K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0369% | 8h | 38.057 | +0.017% | $34K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTMlong | +0.0524% | 4h | 38.050 | long leg | $100K | $39K | 20x |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Lighter MINIMAX
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MINIMAX_USDT_Perp | +0.0830% | 4h | 38.076 | +0.069% | $218 | $126K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0840% | 8h | 38.059 | +0.024% | $1.3M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0845% | 1h | 38.040 | −0.026% | $4.4M | $3.0M | 10x | as long as short |
| Extended MINIMAX-USD | +0.0872% | 1h | 38.029 | −0.054% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDTshort | +0.0874% | 4h | 38.040 | −0.026% | $6.4M | $30.6M | 25x | |
| OKX MINIMAX-USDT-SWAP | +0.1395% | 8h | 38.090 | +0.105% | $2.6M | $8.3M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1630% | 4h | 38.052 | +0.004% | $29K | $184K | 10x | as long as short |
GRVT MINIMAX_USDT_Perp
Bitget MINIMAXUSDT
tradeXYZ xyz:MINIMAX
Extended MINIMAX-USD
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC